2023 MAD to EUR Historical Review

YEARLY HIGH

0.0944 EUR

YEARLY LOW

0.0888 EUR

YEARLY AVERAGE

0.0913 EUR

2023 MAD to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 0.0944. Conversely, the yearly low was recorded on April 14, dropping to 0.0888.

This high-to-low spread represents a total annual volatility of 0.0055 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0906 to the December average rate of 0.0912, the exchange rate registered a net change of 0.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0944 was down 3.36% compared to the 2022 peak of 0.0976, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 472 EUR

2022 Average 468 EUR

Yearly Trough Low 444 EUR

Transaction Impact: A difference of 27.53 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0932

0.0895

JanuMarcMayJulySeptNove

MAD to EUR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0907, compared to 0.0919 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0907

H2 Avg (Jul–Dec) 0.0919

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0036 EUR (High: 0.0941 / Low: 0.0905). On the other end, November was the most stable month, with a tight range of 0.0018 EUR (High: 0.0919 / Low: 0.0901).

August Spread (Volatile) ±0.0036

November Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0929) against the same month in 2022 (average: 0.0959), the exchange rate shifted by -0.0030 (-3.12%).

2023 Avg (July) 0.0929

2022 Avg (July) 0.0959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0918	0.0894	0.0906
February	0.0914	0.0893	0.0907
March	0.0917	0.0892	0.0904
April	0.0914	0.0888	0.0898
May	0.0922	0.0893	0.0909
June	0.0926	0.0907	0.0918
July	0.0944	0.0915	0.0929
August	0.0941	0.0905	0.0926
September	0.0926	0.0907	0.0915
October	0.0932	0.0908	0.0921
November	0.0919	0.0901	0.0910
December	0.0919	0.0899	0.0912